NEW YORK, Sept. 4 (Reuters) — An Indiana judge has granted Valparaiso University permission to sell a Georgia O’Keeffe painting along with two other artworks, citing that the O’Keeffe piece and one other are not “conservative” enough to meet the conditions set by the original donor.
“This has been a challenging process, but we believe this decision represents the best path forward for the Sloan Trust, our students, and the university as a whole,” Valparaiso University stated on Wednesday, following the court’s ruling.
The private Lutheran institution, located in Indiana, announced in February its plan to sell its most valuable paintings from the Brauer Museum of Art collection. The collection, estimated to be worth $20 million, is slated to fund the renovation of a university dormitory.
According to The New York Times, the 1953 gift from Percy Sloan—made in honor of his father, artist Junius R. Sloan—stipulated that the funds from the donation be used either for maintaining the collection or for acquiring new artworks. The court’s decision allows Valparaiso to move forward with the sale despite these conditions.
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